A spokesman for the Agriculture, Fisheries and Conservation Department (AFCD) said: "Capture fisheries in Hong Kong are affected by the depletion of fisheries resources and the trawl ban. Despite the opportunities available as a result of the restructuring of the fisheries industry, many local fishermen remain cautious about the prospects of growth while others are held back by the risks and technical challenges involved. Meanwhile, aquaculture also needs support for modernisation.
"Against this background, the administration has identified five possible areas for the fishing community and related stakeholders to put the Fund to good use, in furtherance of the objectives of placing the further development of the industry on a sustainable track. Projects not falling within such areas will also be considered as long as they are in line with the purpose of the Fund and meet the assessment criteria.
"The five areas are exploring new opportunities in the South China Sea, development of sustainable practices for fishing operations in Hong Kong waters, aquaculture development, accreditation and marketing of local fisheries products, and fisheries resources monitoring and enhancement."
In vetting applications, the Advisory Committee on Sustainable Fisheries Development Fund (the Advisory Committee) will give due consideration to the project needs, feasibility and expected outcomes. The projects should contribute in a direct and practical way towards the sustainable development of the local fisheries industry. The benefits they bring about must accrue to the local fisheries community as a whole.
In general, the projects should be non-profit-making, but commercial projects may also be considered. Applicants will be required to draw up detailed business plans and budgets for the Advisory Committee to scrutiny. Projects involving commercial elements will be funded on a dollar-for-dollar matching basis. The Government's contribution will be limited to no more than 50 per cent of the total project cost.
Eligible applicants include legal entities that have demonstrated a close connection with the local fisheries industry such as local incorporated companies, registered fisheries co-operatives, non-profit-making fisheries organisations, non-governmental organisations or social enterprises, as well as academic and research institutions in Hong Kong.
Applications are accepted throughout the year and the Advisory Committee will meet regularly to vet the applications. Completed application forms, together with information of the applicant demonstrating their connection with the local fisheries industry, should reach the Secretariat for the Fund at least six months prior to the commencement of the project.
Application guidelines and forms can be downloaded from the AFCD website (www.afcd.gov.hk) while hard copy is available from the Secretariat for the Fund and the liaison offices of the Fish Marketing Organization.